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Byju’s goes to war: $2.5 billion lawsuit brewing against Glas Trust; here’s what the matter is about
Byju's founders Byju Raveendran and Divya Gokulnath are preparing a $2.5 billion lawsuit in India and overseas as the edtech giant battles insolvency proceedings and a legal dispute with Glas Trust, ...
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Billion-Dollar Darling To Breakdown: The Rise, Peak And Collapse Of Byju’s — All You Need To Know
The once-celebrated edtech giant is now battling insolvency, lawsuits and regulatory scrutiny, with a takeover bid arriving ...
NEW YORK--(BUSINESS WIRE)--The ad hoc group of term loan lenders (the “Ad Hoc Group”) of BYJU’s $1.2 billion term loans (“Term Loans”), announced today that GLAS Trust Company LLC (as administrative ...
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Byju’s founders plan $2.5 billion lawsuit against Glas Trust, others for reputational damage
Byju’s founder Byju Raveendran and his wife Divya Gokulnath are planning to sue Glas Trust and other lenders to the edtech firm seeking $2.5 billion in damages for alleged reputational harm, their ...
The conflict, dating back to June 5, saw BYJU’S file a case in the New York Supreme Court to stop the lenders from accelerating a $1.2 Bn loan BYJU’S has been negotiating with the steering committee ...
BYJU’S’ lawsuit against its term loan lenders is simply an effort to avoid complying with its obligations, including making contractually required payments, the group of lenders said The response ...
Prosus, Peak XV Partners and Chan Zuckerberg Initiative confirmed Friday that their representatives have resigned from the board of Byju’s, India’s most valuable startup that is also reeling from the ...
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